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Interest Rate | APR* | Term* | Payment Per $1,000* | Apply |
---|---|---|---|---|
2.625% |
2.728% |
10 Years (120 months) |
$9.48 |
*APR = Annual Percentage Rate. Interest Rate and APR are as of January 13, 2021 and are subject to change without notice. The APR is calculated based on a loan amount of $100,000 for a term of 10 years or 120 months. Payments are $9.48 per $1,000 borrowed. Owner occupied condos and single family primary residences only. Payment doesn’t include taxes, insurance or HOA fees. The actual payment obligation will be grater. Maximum loan amount is $300,000. The maximum LTV is 80% up to $200,000. The maximum LTV is 70% for loans over $200,000 up to $300,000. Loan must be in first lien position. Other terms and restrictions apply including a 620 minimum credit score. Proof of adequate property insurance required and flood insurance may also be required. Subject to credit approval. $499 closing costs apply. NMLS ID #615913. Subject to membership eligibility, see our website for details.
At Mass Bay Credit Union our teams are trained to make loans to benefit our members unique situations. Not sure if a 10 & Done loan is right for you? Give our experienced lending team a call and let's do the math together!
We are always ready to help you accomplish your financial goals with our lending choices. Mass Bay has an easy application process which can be started online. It's easy to start accomplishing your goal of being free of home-debt in 10 years.
Mass Bay Credit Union is your local go-to financial institution for Mortgage and Home Equity choices. Whether it's our Home Equity Line of Credit, or our 10 & Done Home Equity Loan, we are proud to offer our members these great home equity options.
Mass Bay Credit Union Membership is open to:
If you qualify as a Member, APPLY for a new 10 & Done Home Equity Loan today! Our team will help you with becoming a member of Mass Bay Credit Union.